Outcome of the Board Meeting held today i.e. Friday, May 29, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Suyog Gurbaxani Funicular Ropeways Limited approved its FY2026 audited financial results with an unmodified (clean) opinion from auditors M/s Aniket Kulkarni & Associates. Standalone revenue declined 11% to Rs 4,715.73 Lacs from Rs 5,300.85 Lacs in FY25. However, profit after tax grew 28.2% to Rs 1,114.51 Lacs (vs Rs 869.13 Lacs), and EPS improved to Rs 4.48 from Rs 3.50. The Board deferred dividend consideration to a future meeting. The company also appointed M/s SKSS & Associates as new internal auditors for FY2026-27, replacing the previous firm. Key balance sheet items show long-term borrowings increased to Rs 10,003.66 Lacs, while trade receivables jumped significantly to Rs 1,676.29 Lacs. Reserves turned positive at Rs 1,075.06 Lacs compared to negative Rs 39.45 Lacs in FY25.
Despite revenue decline, strong profit growth and positive reserves turnaround are positives. However, rising debt and deferred dividend may concern income-focused investors. Clean audit with adequate internal controls is reassuring for governance-conscious shareholders.